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're not going to vote to simply extend this for current law for another six months. >> reporter: the battle over student loan interest rates pits house speaker john boehner against senate majority leader harry reid. >> the house has done its job. >> reporter: house republicans passed a bill that ties the student loan rate to the u.s. treasury borrowing costs includes 2.5%. as rates rise, so does the cost of education, up to a max of 8.5%. >> what they've done over there is worse for students than doing nothing at all. >> reporter: democratic senator joe manchin working with republicans has proposed a similar plan with one key difference. it won't use the savings to pay down the nation's debt. >> in this bipartisan group, we all agree profits should not be made on the backs of students trying to go to school. that's a difference from what came from the house. >> reporter: but majority reid says lenot introduce any bill that ties student loan rates to the market. tara mergener for cbs news, washington. >>> 4:32 now. federal investigators say the pilots of asiana airlines flight 214 noticed too lat
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